Insights · Public data
The small business economy, sliced your way.
Real numbers on the businesses Americans start, run, and buy - survival odds, wages, headcount, and where formation is heading. Filter by sector, slice by the metric you care about. Every figure here comes from free public sources: the U.S. Census Bureau, the Bureau of Labor Statistics, and the SBA.
Fresh reads from the data
Buy a Boring Business: Why the Unsexy Path Builds Real Wealth
Glamorous startups carry near-lottery odds; unglamorous cash businesses throw off real owner earnings from day one and sell for predictable multiples. Boring is the feature, not the consolation prize.
Read the insight →The Hidden Economics of Route-Based Businesses
Why route density and recurring contracts make pest control, pool, and lawn-care businesses quietly superior, and the four levers that decide their profit.
How Much Money Do You Really Need to Buy a Business?
The sticker price is not the cash you need. SBA financing puts roughly 10% down, but the real requirement is down payment plus working capital plus closing costs plus a post-close reserve: and first-time buyers under-budget the last two.
Start From Scratch or Buy Something That Works?
Building from zero is a coin-flip on survival and years of no income; buying is a multiple paid for proven cash flow that pays from day one. The right answer turns on capital, risk tolerance, and whether the category has acquirable targets at all.
The Owner's Trap: When Buying Yourself a Job Isn't Worth It
Why SDE flatters owner-operator businesses, how to find the real profit hiding above a market wage, and the simple test that separates a sellable asset from a job you bought.
5 Red Flags That Should Kill Any Acquisition
Most problems in a small business are fixable at the right price. Five are not. Here are the red flags that should end a deal no matter how attractive the multiple looks.
From Operator to Owner: Making Your Business Run Without You
Owner-dependence caps both your freedom and your sale price. Here is how systemizing, delegating, and installing a manager converts a job into an asset and lifts the multiple.
How Membership Models Transformed Boring Industries
The membership wrapper turned car washes, gyms, and spas into recurring-revenue machines, and the same model can be bolted onto almost any boring business.
Labor Is Your Ceiling: The Trades Growth Problem
In the trades, demand is rarely the constraint. Labor is. Whoever wins the recruiting and retention war, not the marketing war, wins the market.
Pricing Power: Why Most Small Businesses Undercharge
Price is the highest-leverage lever in any business, yet most owners leave it untouched for years out of fear. Because a price increase carries almost no incremental cost, a few points of price can move profit by double digits.
SBA Loans Explained: How Regular People Buy $1M Businesses
The SBA 7(a) program lets ordinary buyers control seven-figure businesses with roughly 10% down. Understand the structure and the leverage is enormous.
The 7 Businesses That Quietly Mint Millionaires
Seven unglamorous categories build seven-figure net worth not through hype but through durable cash flow, asset backing, and recurring revenue that compounds and sells for a multiple. Here is the specific wealth mechanic behind each.
The One Number That Predicts Survival (It's Churn)
For any business with repeat customers, churn is the master metric. A small change in churn swings customer lifetime and lifetime value dramatically, and growth stacked on high churn is just a leaking bucket.
The Silver Tsunami: Why 2.3 Million Boomer Businesses Are Hitting the Market
Roughly 2.3 million U.S. businesses are owned by baby boomers nearing retirement, most with no succession plan. This demographic wave is the single biggest structural opportunity in small-business acquisition.
What Seller's Discretionary Earnings Really Means
SDE is the lingua franca of small-business valuation and the most misunderstood number in any deal. Understand it, and you understand how every small business is priced.
What Your Business Is Actually Worth
Most owners anchor their price on revenue or on what they need to retire. Real value is earnings times a multiple set by risk, growth, and transferability, and the multiple is the part you can move.
Why Clean Books Beat Higher Revenue When You Sell
Buyers and their lenders pay for earnings they can prove, not earnings you claim. Clean, reconciled books that tie to your tax returns are not bookkeeping hygiene; they are the single highest-return valuation strategy a seller has.
Why Most Small Business Deals Fall Apart
Most signed LOIs never close. Deals die from four recurring failure modes: financing gaps, diligence surprises, seller cold feet, and an unbridgeable valuation gap. Name them and you can structure around them.
Why Recurring Revenue Is the Most Valuable Thing You Can Build
A dollar of recurring revenue is worth several dollars of one-time revenue because it is predictable, defensible, and compounding. Here is why the shift from transactions to agreements is the highest-leverage move most small businesses can make.
How to Read a Seller's Financials Without Getting Fooled
Sellers present the flattering version of their numbers. The buyer's job is to rebuild the real earnings from the tax return up, and to treat every add-back as a claim that has to be proven.
How to Sell Your Business for 2x More
Two identical businesses can sell for wildly different multiples. The gap is a handful of value drivers buyers pay up for, and engineering them before a sale is the highest-ROI work an owner can do.
The Due Diligence Checklist Smart Buyers Use
Diligence is not box-ticking. It is the disciplined work of verifying the exact thesis that justified the price, run across four parallel tracks: financial, operational, legal, and customer.
The Exit Mistakes That Cost Owners Hundreds of Thousands
Most owners sell a business exactly once, with no practice, across the table from buyers and brokers who do it for a living. A short list of predictable, avoidable mistakes routinely costs six figures, and knowing them in advance beats any negotiation tactic.
The First 90 Days After Buying a Business
The transition, not the purchase, decides whether you bought an asset or a liability. A 90-day plan to stabilize cash, customers, and employees, learn before you change anything, and protect the goodwill you just paid for.
The Real Math Behind Adding a Second Location
The second location is where many owners quietly destroy the wealth the first one created. It is not copy-paste: it doubles fixed cost while the new unit ramps, splits your attention, and is usually funded by store one's cash flow. Here is the math that decides whether it works.
Compare the businesses Americans actually start
Share of new establishments still operating five years after opening. Source: BLS Business Employment Dynamics.
Restaurants & food service
Where the next wave is starting
Americans filed 5.2 million new business applications in 2024 - still far above pre-pandemic levels, even after cooling from 2023’s record. The map of where people are starting up keeps shifting.
Survival, formation, and national figures are drawn from the latest published government releases. Per-industry establishment, employment, and wage figures are the most recent public estimates, rounded for display. This is general market information, not advice for any specific business.